The Citi Premier® card stands as a beacon of rewards and convenience in the realm of credit cards, offering a robust suite of benefits tailored to savvy consumers. Boasting substantial incentives right from the start, it entices new cardholders with a generous 200,000 bonus Citi reward Points when they spend $7,000 on eligible purchases within the first 3 months of approval.

As you navigate through its features and advantages, it becomes evident that the Citi Premier® card isn’t merely a payment tool but a strategic companion for those seeking to maximize their spending power while enjoying a wealth of travel, lifestyle, and financial benefits.

Key information about the Citi Premier® card

The Citi Premier® card offers a range of essential benefits for savvy consumers. In addition to a generous initial bonus of 200,000 Citi ThankYou Points, significant earnings are ensured with 3 points per dollar spent on supermarket, dining, gas station, air travel, and hotel purchases, and 1 point per dollar on all other purchases.

Complementing these advantages, the card provides comprehensive insurance coverage, including travel and purchase protection, along with privileged access to the Priority Pass™ lounge program at airports, making it an ideal choice for those looking to maximize benefits while maintaining financial flexibility.

How does the annual fee work?

The annual fee for the Citi Premier® card is $95. This fee is charged annually and appears on your statement as a single charge. It’s important to note that the fee is not prorated if you cancel the card partway through the year. For new cardholders, the first year’s annual fee is typically charged on the first statement after account opening.

Subsequent annual fees will be charged on the anniversary of your account opening date each year thereafter. The benefits and rewards structure of the card often offset the annual fee for many users who take advantage of the card’s rewards program and other perks.

How is the credit limit determined?

The credit limit for the Citi Premier® card is determined based on various factors including your credit score, income level, debt-to-income ratio, credit history, and the information provided on your application.

A higher credit score, substantial income, lower debt obligations relative to income, positive credit history, and accurate application details can contribute to a higher credit limit, reflecting your ability to responsibly manage credit.

Credit card benefits 

• Generous rewards: Earn points on travel, dining, groceries, and more.
• Signup bonus: Receive a substantial points bonus after reaching a minimum spend in the first few months.
• Points transfer: Ability to transfer points to airline and hotel partner programs enhances redemption options.
• Purchase and travel protections: Benefits include travel insurance and purchase protection against damage or theft.
• Access to exclusive events: Special entertainment offers, such as early access to ticket presales.
• No foreign transaction fees: Enjoy international purchases without additional fees, making it ideal for travelers.

Value of its earned points

A standout advantage of the Citi Premier® card lies in the flexibility and exceptional value of its earned points. This is particularly notable when these points are transferred to airline and hotel partners, thereby greatly enhancing the range of options available for redeeming rewards towards travel and accommodations.

Disadvantages

• Annual fee: The Citi Premier® card comes with an annual fee, which may not be ideal for those seeking a no-fee credit card option.
• Foreign transaction fees: This card charges foreign transaction fees, making it less favorable for frequent international travelers.
• Reward category limits: While it offers generous rewards in certain categories, other cards may offer more flexible or higher rewards rates in specific spending areas like groceries or dining.

Foreign transaction fees

A significant disadvantage of the Citi Premier® card is its foreign transaction fees, which may pose a challenge for frequent international travelers. These fees can add up quickly and diminish the overall value of using the card abroad, impacting the cost-effectiveness of purchases made outside the United States. For travelers who frequently venture overseas, considering these fees is crucial when assessing the card’s suitability for their financial needs and spending habits abroad.

Who can apply for this card?

The Citi Premier® Card is typically available to individuals with good to excellent credit scores. This generally means applicants should have a credit score of 670 or higher to qualify. Additionally, Citi may consider factors such as income level, employment status, and existing debt obligations when evaluating applications.

How to apply for the Citi Premier® card

Via App

To apply for the Citi Premier® card through the mobile app, begin by downloading the official Citibank app on your mobile device and logging in with your existing banking credentials or creating a new account if you don’t already have one. Once logged in, navigate to the financial products or credit cards section and locate the Citi Premier® card among the available options.

Selecting the Citi Premier® card will lead you to a page detailing specific information about the card, including its benefits, terms and conditions, associated fees, and eligibility requirements. It’s essential to thoroughly review all provided information to fully understand what the card offers and what is expected from you as a cardholder.

To initiate the application process, you’ll need to fill out a digital form that typically includes basic personal information such as full name, residential address, phone number, date of birth, CPF number (Brazilian social security number), and employment details such as annual income and current employer.

This streamlined process through the Citibank mobile app allows for efficient and convenient application submission, with built-in security measures to safeguard your personal and financial information. Once submitted, your application will be processed, and you’ll receive a notification regarding the status of your application within a reasonable timeframe, typically ranging from a few days to a couple of weeks, depending on Citibank’s internal review process and verification of the provided details.

Via WebSite

Applying for the Citi Premier card online involves a straightforward process designed to be user-friendly and efficient. Begin by visiting the official Citi website and locating the dedicated page for the Citi Premier card. Here, you’ll find comprehensive details outlining the card’s benefits, associated fees, and eligibility criteria, allowing you to make an informed decision.

Once you’ve decided to proceed with the application, click on the designated link or button to start the process. This will redirect you to a secure online application form where you’ll be prompted to enter essential personal information. This typically includes your full name, residential address, contact details, and employment information as part of the standard application requirements.

After completing the form, carefully review the provided information to ensure accuracy before submitting your application. Upon submission, Citi will process your application and may follow up with further steps, such as verifying your information or requesting additional documentation to finalize the application process.